MB Achieves Vietnam's First Capital Exceeding 100 Trillion Dong

Key pointsOn October 6, 2026, the VN-Index rose by 5.88 points (+0.34%) to reach 1,759.08 points. On HoSE, 171 stocks declined, 124 stocks increased, and 64 stocks maintained their reference prices. Market liquidity increased, with trading volume up by 49.5% compared to the previous day, indicating a surpassing of short-term adjustment pressure.
Business impactFor Japanese companies, the rise in the VN-Index suggests an improvement in the investment environment, serving as a reference when considering investments in the stock market. Enhanced liquidity may provide opportunities for fundraising and new investments.

Key pointsVingroup (Ho Chi Minh Stock Exchange: VIC) has announced a contract with France's Alstom to manufacture and assemble 200 metro cars for Hanoi's metro project. Alstom will provide technology for the production of 117 cars in Vietnam, while the remaining 83 will be produced at its factory in France. The new cars will feature automated driving capabilities and use aluminum alloys for weight reduction. Hanoi plans to complete five metro lines by 2030.
Business impactThis project is part of Vingroup's efforts to enhance its technological capabilities in the infrastructure sector and may present new business opportunities for Japanese companies, particularly those interested in railway-related technologies and component supply.

Key pointsOn October 3, 2026, Military Commercial Joint Stock Bank (MB) increased its capital to 100.69 trillion dong, becoming the first bank in Vietnam to exceed 100 trillion dong. This capital increase strengthens MB's financial foundation and contributes to business expansion, technology investment, and improved risk management capabilities.
Business impactThe increase in MB's capital may have a positive impact on the entire financial industry and could influence funding and investment strategies for Japanese companies. In particular, sectors utilizing financial services need to closely monitor MB's developments.

Key pointsVietnam is experiencing growth in its luxury real estate market due to increasing domestic wealth and demand for high-quality properties. Masterise Homes is highlighted as a key player setting standards in this sector. International reports indicate that Vietnam's luxury real estate market is adopting experience-focused strategies to enhance brand value, with a long-term vision for future market development.
Business impactJapanese companies should view the growth of Vietnam's luxury real estate market as a business opportunity and seek investment and partnership prospects. It is particularly important to focus on brand strategies and improving customer experiences.

Key pointsVingroup has signed a contract with the global rail technology group Alstom to supply 200 Metropolis trains for the Hanoi urban railway project. Under this contract, Alstom will transfer technology, and Vingroup will handle production and assembly in Vietnam. The first 83 trains will be manufactured in Valenciennes Petite-Foreet, France, while the remaining units are planned to be produced in Vietnam. This project will serve as a crucial foundation for Hanoi's public transportation system.
Business impactJapanese companies should closely monitor this development and assess its impact on related transactions, contracts, and local operations.

Key pointsOn October 6, 2026, Vingroup signed a contract with France's Alstom to order 200 driverless trains for the Hanoi metro project, with 117 trains expected to be assembled in Vietnam. The trains will be made of aluminum alloy, designed for high energy efficiency and improved passenger comfort.
Business impactThis project represents a significant step towards enhancing the autonomy of Vietnam's railway industry. Japanese companies are encouraged to seize opportunities for technology transfer and component supply, fostering long-term partnerships.

Key pointsVietnam's Ministry of Industry has announced a policy to permit the export of rare metals, enabling Japanese and Korean companies to establish factories in Vietnam for processing these metals. Notably, LS Eco Energy plans to produce 2,500 tons of rare metals annually. Exports will be limited to products meeting specific processing standards, excluding traditional raw materials, which is expected to connect domestic mineral resources to international markets.
Business impactThis policy change offers new opportunities for Japanese companies in sourcing and producing rare metals. Manufacturing and energy-related firms are particularly encouraged to strengthen their production bases in Vietnam and integrate into international supply chains.